Ok Brumbie. So the last CR diluted us by 25%. So 11.2 cents is the price we are looking to exceed to reach new highs. I think you need to look at this conversion in terms of EV and you will find that we are close to 60% of our maximum value. People forget that dilution adds value to CXO. They got $9m at a good rate.
We are very undervalued, however management has been slow to unlock value out of CXO and has been slowly searching for extensions at Grants. It has been a very systematic approach, not one looking for a BIG deposit.
One wonders why BP33 was shelved. Others wonder why good intercepts are only reported at the time of assay rather than prior. A lot could have been done differently to preserve value but what was done is done and we need to move forward.
Next week should be a cracker. I am pre-loaded. I am expecting new highs following Grants extensions and outstanding metallurgy.
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Ok Brumbie. So the last CR diluted us by 25%. So 11.2 cents is...
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Last
9.1¢ |
Change
-0.003(3.19%) |
Mkt cap ! $194.4M |
Open | High | Low | Value | Volume |
9.3¢ | 9.4¢ | 9.1¢ | $1.765M | 19.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 618024 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 285600 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 618024 | 0.091 |
85 | 2972132 | 0.090 |
15 | 891193 | 0.089 |
19 | 1135301 | 0.088 |
12 | 681944 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 285600 | 4 |
0.093 | 869150 | 8 |
0.094 | 1067781 | 5 |
0.095 | 750188 | 6 |
0.096 | 215000 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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CXO (ASX) Chart |